CMA CGM Group invests in urban logistics specialist

The CMA CGM Group, which fully acquired CEVA Logistics in April this year, is supporting  the development of Wing, a French company offering an innovative urban logistics service for the benefit of e-commerce.

The Group took a position in the company through its investment fund, CMA CGM Ventures. At the same time, CEVA Logistics, entered into an ambitious industrial and commercial partnership with Wing. The two companies will thus implement cross-selling initiatives and CEVA Logistics will make space available to Wing in its warehouses.

This merger will enable the two companies to offer their respective customers innovative new services with high added value in the field of urban logistics. The Group thus realises the synergies resulting from CEVA Logistics’ new strategic plan and reflects the strategy of Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, to support innovation.

Commenting on the merger, Nicolas Sartini, Chief Executive Officer – CEVA Logistics, states: “A concrete illustration of the synergies between CEVA Logistics and CMA CGM resulting from our new strategic plan, this collaboration with Wing is fully in line with Rodolphe Saadé’s ambition in favour of digital innovation. The Group also confirms its willingness to offer its customers ever more innovative services throughout the logistics chain.”

Jean-Baptiste Maillant, Founder and President – Wing, adds: “The CMA CGM Group is an undeniable asset in helping us develop a long-term vision of our service and in supporting us in our growth. Their very strong development in logistics provides us with important synergies to offer a complete and innovative service to our respective customers.”

Founded in 2015 and based in Marseille, Lyon and Paris, Wing offers an urban logistics service dedicated to e-retailers.

With just a few clicks from an online platform, Wing customers see a courier show up to pick up orders sold on the Internet. These are then deposited in a logistics warehouse where they are packaged and shipped. In less than 48 hours, orders are delivered to the end customer.

Source: Post and Parcel

CMA CGM Group invests in urban logistics specialist

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